Fed’s Powell Wins Forbes’ Crypto Person of the Year Honors; Do They Give Awards for Snark?
A side effect of the Fed's medicine for the pandemic-stricken U.S. economy was to create conditions ideal for the rise of cryptocurrencies. Source
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Feds
Chainalysis Wants to Help the Feds Sell Millions in Forfeited Bitcoin
The new service launch comes just one week after federal agents announced the seizure of over $1 billion in bitcoin. Source
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Even the Fed’s Desperate Reassurance Isn’t Saving the Nasdaq Correction
Fed Vice Chair Richard Clarida said the central bank would retain low interest rates and let inflation run higher than 2% at times.The Fed’s reassurance isn’t helping the Nasdaq, which has declined by 11.8% since September 2.Investors remain rattled by the pandemic-induced correction despite the Fed’s dovish stance.Federal Reserve Vice
Read MoreVitalik Buterin compares DeFi tokenomics to the Fed’s money printer
Vitalik Buterin, the co-founder of Ethereum (ETH), has again taken to Twitter to warn against naive bullishness in the decentralized finance (DeFi) sector, comparing the economics of yield farming tokens to the Federal Reserve’s money printing.Yield farming - providing liquidity to earn interest in the form of tokens - has
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Alex Lipton: What the Fed’s New Inflation Policy Means for Stablecoins
Alexander Lipton is the CTO of Sila, a visiting professor and Dean’s Fellow at the Jerusalem Business School of the Hebrew University of Jerusalem, and a Connection Science Fellow at the Massachusetts Institute of Technology. On Aug. 27, the Federal Reserve Chairman Jerome Powell gave a widely watched speech entitled “New
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Dow Hits 6-Month High as Fed’s Inflation Pledge Rattles Dollar
Dow Hits 6-Month High as Fed’s Inflation Pledge Rattles Dollar CCN.com - News and Op-Eds for The Next Generation The Dow Jones Industrial Average opened at more than six-month highs, as Fed intervention spurs another rally in equities. Dow Hits 6-Month High as Fed’s Inflation Pledge Rattles Dollar CCN.com - News
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Dow Futures in Limbo as Fed’s Powell Kicks Off Jackson Hole Symposium
Dow Jones futures were down slightly in the pre-market session. Federal Reserve Chairman will deliver a speech shortly that could have implications on monetary policy. U.S. jobless claims hold above 1 million in the latest week. Futures on the Dow and broader U.S. stock market traded lower Thursday morning, as investors awaited new
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BItcoin’s Sudden Drop to $9k Coincides With Fed’s Balance Sheet Contraction
Bitcoin plunged back towards $9,000 despite showing signs of upside correction in the early Friday session.The latest price correction coincided with the Federal Reserve’s balance sheet contraction that strengthened the US dollar.S&P 500 remained closed on Friday for the Independence Day holiday.The past 24 hours saw Bitcoin breaking its short-term
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The Fed’s Balance Sheet & Stock Market Correlation Reveal a Disturbing Trend For Equities
The U.S. stock market fell over 6% after the Fed’s balance sheet started to contract. The correlation leaves equities vulnerable to a steep correction if the Fed slows down its asset purchases. The addition of 30,000 new virus cases in the U.S. on a single day may put even more pressure on
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New York Fed’s ‘Bitcoin Is Fiat’ Claim Sparks Controversy
Economists with the New York Federal Reserve do not think that bitcoin is a new kind of money. Bitcoin, the decentralized, permissionless, trustless digital value system that an anonymous programmer ginned up over a decade ago is “just another example of fiat money,” said Michael Lee and Antoine Martin in a
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